Page 322 - Latest Updates on Reserve Bank of India
Personal data protection Bill may bring new usage consent managers: Experts
Industry experts fear massive implementation hurdles, going forward
 "Personal data protection Bill may bring new usage consent managers: Experts")
Reserve Bank of India February rate cut on a knife's edge: Reuters poll
RBI cited concern about near-term inflation when it took analysts and markets by surprise and kept it unchanged last week
 "Reserve Bank of India February rate cut on a knife's edge: Reuters poll")
SBI under-reported its FY19 NPAs by Rs 11,932 crore, find RBI auditors
As a result, the bank's reported profit of Rs 862 crore for the fiscal year now stands at a loss of Rs 6,968 crore
 "SBI under-reported its FY19 NPAs by Rs 11,932 crore, find RBI auditors")
What happens when a co-op bank comes under banking act?
The only conversion to date of an urban co-operative bank into a commercial bank is DCB Bank in 1996, which was however not a forced one
 "What happens when a co-op bank comes under banking act?")
Gilt funds lose steam after RBI pause on rate cut triggers yield spike
In the one-year period, gilt funds had outperformed most other debt categories with gains of over 10 per cent
 "Gilt funds lose steam after RBI pause on rate cut triggers yield spike")
One year of Guv Shaktikanta Das at RBI: Keep calm and do what's needed
RBI and the government had differences on many occasions, but the governor didn't let it play them out in public
 "One year of Guv Shaktikanta Das at RBI: Keep calm and do what's needed")
Co-op banks may come under banking act, forced conversion not ruled out
In the revised scheme, the inspection of the UCBs solely under the Banking Regulation Act will be done by the central bank
 "Co-op banks may come under banking act, forced conversion not ruled out")
Statsguru: Ball in the fiscal court as RBI keeps lending rates unchanged
The MPC underlined the rising consumer price inflation as one of the reasons
 "Statsguru: Ball in the fiscal court as RBI keeps lending rates unchanged")
Letter to BS: Clearly, RBI does not want to commit anything as yet
RBI wants to assess the impact of stimulus measures announced by the government to revive growth and decide accordingly once the picture is clearer
 "Letter to BS: Clearly, RBI does not want to commit anything as yet")
Letter to BS: MPC's decision shows maturity in thinking and detailed study
The markets were indeed surprised because everyone was hoping that rate cuts will continue
SBI sees strong value addition from subsidiaries, SBI Cards top contributor
The rising awareness of life insurance as a protection product is giving strong traction to the sector
 "SBI sees strong value addition from subsidiaries, SBI Cards top contributor")
First year of Das: Floccinaucinihilipilification or Panglossian?
The no-rate-cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate Shaktikanta Das is maturing in his new role.
 "First year of Das: Floccinaucinihilipilification or Panglossian?")
New RBI guidelines likely to help MFIs become small finance banks
The fact that SFBs open paths to universal banks is assuring to some market players
Digital India push: From December 16, you can make NEFT transfers 24x7
NEFT transactions are settled in hourly batches. For weekdays, the batches are from 8 am to 7 pm. On first and third Saturdays, the settlement happens from 8 am to 1 pm
India's manufacturing capacity utilisation declines to the lowest ever
Capacity utilisation had improved gradually from 71 per cent in the aftermath of demonetisation to 76.1 per cent in January-March 2019
 "India's manufacturing capacity utilisation declines to the lowest ever")
RBI raises P2P lending limit five-fold, cap on single-party exposure stays
Apex bank also does away with requirement of escrow accounts run by a bank-promoted trustee for transfer of funds
PMC Bank scam: RBI expects forensic audit report by end of this month
The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities
RBI's monetary policy spells more trouble for India Inc's earnings
In the absence of near-term government stimulus, markets may remain range-bound until Budget
 "RBI's monetary policy spells more trouble for India Inc's earnings")
Payment Banks can become SFB after five years under new RBI norms
SFBs will at once be identified as scheduled banks and can open branches immediately
 "Payment Banks can become SFB after five years under new RBI norms")
CIC issues showcause notice to RBI for casual approach to its notice
CIC has directed the Central Public Information Officer of the Department of Banking Supervision of the RBI to explain why penal provisions under the transparency law should be not invoked against him